If 500K suddenly appeared in your bank account tomorrow, what would you do with it?

[BunInTheOven3]

Just curious really.

200k split between the kids
100k into pension
50k charity donations
100k house deposit
50k holiday and rainy day fund.

Pay off all debts & mortgage (£180k), £50k each to the kids and put the rest into our pension pots. Paying off the debts will free up nearly £2k per month so make life an awful lot easier!!!

Pay off my debts, have my bathroom made into a disabled friendly wet room so that I can have a shower for the first time in five years, raised beds and safe path in garden so that I can go outside without risking another fall, stick a bit in the bank in case of need and the rest (probably about £400k) to local animal charities and friends who need help.

Pay for my SEN child to go to the perfect independent school that I otherwise can't afford. That'll take at least half.

complete all the house improvement projects that need to be done!

But would it be classed as deprivation of assets if I shared it between my kids so they could each put it towards a house and then I ended up needing to go into a care home as I'm already retired.? If I could pass it on to them without worrying, then I would.

I’d buy a nice big 4x4 porche

I'd start looking for that elusive country cottage I've had in my mind's eye for the last 50 years!

Pay of my mortgage
Buy DH a new ( second hand car)
Put some away for 3DC
Save the rest

Pay off mortgage £100k no penalty, invest £350k in isa and bonds, 20k house repairs/updating fund, 10k holiday fund, 20k rainy day fund / family treats.

Move to a bigger home, give some to DD to help her move home, some to DM to finish renovating hers, save some.into pension and the rest as a nest egg

Do up my house, change car, pop rest in savings for time being. I wouldn't let children know about it till they are much older. The money would be my secret shit hits the fan kitty for them.

i would wait to see if it was mine, first then id look at stock market

Not sure, I'd like to move house but I maybe better using that amount eg 150 grand to expand the one I'm in.

Or move but I'm not sure I could upgrade that much.

I would put at least 100 grand into a sipp.
Bump up isa etc.

Definitely put some by for long jail trips.

Pay for dd to go to private school and put money onto a sipp for them also.

So in the short immediate bettering of our current arrangement.

Report it and send it back.
It’s not my money, someone will come looking for it and keeping it would be fraud.

I'd report it too. It's bound to be flagged up eventually, so I'd get in first.
Maybe the real owner might give me a hundred for being truthful. Although knowing my luck they wouldn't ! lol
( bank's cock up, why should they tbf )

Children - £25,000 each so £100,000.

Second home that will turn into main home in a few years - £300,000 maximum including stamp duty etc.

Rest for a holiday, saving and pension.

Nothing very exciting at all.

OP did say it was yours to keep..
so @Cherryon and @the80sweregreat i'll have yours!

I'd be straight on the laptop emailing work with my resignation letter.

Then I'd be booking a holiday.

Oh ok! I didn't read the original post that well
Oh well, if we can keep it I'll buy a house.
Definitely leave work.

Buy a property for me and start a charity to run a former Sure Start centre for local families. Desperately needed around here.